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Smart Bridge Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Smart bridges are technically advance bridges, which alerts the maintenance department for any uncertainties such as issues with the structure,u00a0<br>

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Smart Bridge Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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  1. Smart Bridge Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026 Smart Bridge Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Smart bridges are technically advance bridges, which alerts the maintenance department for any uncertainties such as issues with the structure, which could reduce the risk of collapsing, prior to their occurrence. Real-time monitoring and inspection system for bridge health condition is one of the major factors for growth of the smart bridge market. Increasing investment for smart cities is one of the major factor for growth of the market. For instance, according to the Indian government Union Budget 2018-19, the government has selected 99 cities under the smart city mission and will provide a fund of US$ 3.1billion for the development of the cities. Hence, this increasing funding for smart cities have also accelerated growth of the smart bridges market. For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/smart-bridge-market-1550 Increasing incidence of bridge collapsing is also one of the major factors, leading to increasing demand for smart bridges. With integration of smart sensors in these bridges, it has reduced the need for inspection and increased reliability of the diagnostic process, which has led to increasing life span of bridges, thus reducing risk of collapsing incidences. For instance, Troja footbridge (Czech Republic), Sigiri Bridge (Kenya), Sanvordem River Bridge (India), I-85N Atlanta (U.S.), Pfeifer Canyon Bridge (U.S.), Camerano overpass (Italy) are some of the major bridges that collapsed in 2017.

  2. Increasing sales of electric vehicle plays a major role in growth of the smart bridge market Increasing sales of electric vehicle is one of the factors for growth of the smart bridge market. According to Coherent Market Insights’ analysis, around 962 thousand units of electric cars have been sold, globally in 2017 up from 695 thousand units in 2016. This increasing sale of electric cars has led to high demand for charging these vehicles while driving. This has led to high demand for smart roads and smart bridges. For instance, Sweden is the world’s frst country that has constructed an electric road in 2016, a two kilometer strip on the E16 motorway near Gavle city in central Sweden. Similarly, Israel has also started testing of wireless charging roads and bridges for electric vehicles. Based on technology, condition monitoring systems segment held the dominant position in the market Condition monitoring systems segment held the dominant position in the smart bridge market in 2017 and is projected to retain its dominance throughout the forecast period. Increasing demand for reducing maintenance and testing cost without compromising the structural integrity of the bridge is expected to be a factor for growth of the segment. Moreover, transportation & communication systems segment is projected to exhibit the highest CAGR in the forecast period. Increasing vehicle trafc is one of the major factor for growth of the transportation & communication system segment. According to International Organization of Motor Vehicle Manufacturers, 1.3 billion units of vehicles were in use as of 2015. Based on sensor type, temperature sensors segment held the dominant position in the market On the basis of sensor type, temperature sensors segment held the dominant position in the market and is projected to retain its dominance throughout the forecast period. Due to various advantages such as high sensitivity, low cost, fast response, small size, enhanced accuracy, and ofering real-time data have led to growth of this segment in the market. North America smart bridge market is estimated to hold its dominant position in 2018 On the basis of geography, the global smart bridge market is segmented into North America, Europe, Asia Pacifc, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are growth engines in this region. Due to trend of early adoption of various technologies and high presence of market players in this region are factors leading to growth of this regions. International Business Machines Corporation, Honeywell International Inc., and Cisco Systems, Inc. are some of the U.S.-based companies. Furthermore, Asia Pacifc is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of the major countries, in this region. Increasing investment in smart cities by governments is a major factor for growth of the smart bridge market in Asia Pacifc. For instance, in 2014, the Chinese Ministry of Industry and Information Technology, announced

  3. funding of US$ 8.05 billion (50 billion yuan) for the development of smart city trafc systems and internet of things (IoT). Key Companies - Global Smart bridge Market Some of the major companies in the global smart bridge market are Siemens AG, International Business Machines Corporation, Honeywell International Inc., Cisco Systems, Inc., Kapsch TrafcCom AG, Huawei Technologies Co., Ltd, Alcatel Lucent S.A., Indra Sistemas, S.A, and LORD Corporation. Smart bridge Market Taxonomy On the basis of technology, the smart bridge market is diversifed into: •Transportation and Communication Systems •Condition Monitoring Systems On the basis of sensors type, the smart bridge market is diversifed into •Accelerometers •Anemometer •Temperature Sensors •Strain Gauges •Weigh In Motion Sensors •Photonic Sensors •Others Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1550 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting frm ofering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us:

  4. Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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